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Commodities Briefing - Categorized | Oil, Price Watch more

Oil at three-month high as demand grows

Posted on 17 July 2013

Oil prices hit a three-month high on expectations of increased demand as refineries return from maintenance, coupled with supply concerns because of production shortfalls.
While the focus in the crude markets has been on the US, with the WTI rallying almost 16 per cent over the past three weeks, Brent, the international benchmark, has been gaining ground over the past month on the tighter supply and demand situation………………………………………..Full Article: Source


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